If two goods, X and Y, are complements, then which of the following statements is FALSE?
A. An increase in the price of X causes the demand for Y to rise.
B. A decrease in the price of Y causes an increase in the demand for X.
C. They are consumed together.
D. When the quantity demanded of X increases, the demand for Y increases.
Answer: A
Economics
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a. gender b. age c. height d. educational attainment e. weight
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While some countries might be better off (in terms of social surplus) from the imposition of a tariff, the world overall is always worse off (in terms of social surplus) when import tariffs are imposed.
Answer the following statement true (T) or false (F)
Economics